Robertson Stephens Wealth Management LLC acquired a new stake in CECO Environmental Corp. (NASDAQ:CECO - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 12,427 shares of the company's stock, valued at approximately $352,000.
Other institutional investors have also added to or reduced their stakes in the company. Rhumbline Advisers lifted its position in CECO Environmental by 3.8% in the 1st quarter. Rhumbline Advisers now owns 42,146 shares of the company's stock valued at $961,000 after acquiring an additional 1,532 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in CECO Environmental by 9.2% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 72,727 shares of the company's stock valued at $2,059,000 after acquiring an additional 6,126 shares in the last quarter. American Century Companies Inc. lifted its position in CECO Environmental by 8.6% in the 1st quarter. American Century Companies Inc. now owns 57,272 shares of the company's stock valued at $1,306,000 after acquiring an additional 4,552 shares in the last quarter. Farther Finance Advisors LLC lifted its position in CECO Environmental by 224.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,445 shares of the company's stock valued at $41,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Nuveen LLC bought a new stake in CECO Environmental in the 1st quarter valued at $1,818,000. 68.08% of the stock is owned by institutional investors.
Insider Activity
In related news, CEO Todd R. Gleason sold 101,899 shares of the company's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $49.32, for a total value of $5,025,658.68. Following the transaction, the chief executive officer owned 410,835 shares in the company, valued at approximately $20,262,382.20. This represents a 19.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Claudio A. Mannarino sold 20,000 shares of the company's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $41.51, for a total transaction of $830,200.00. Following the completion of the transaction, the director owned 77,589 shares in the company, valued at approximately $3,220,719.39. This trade represents a 20.49% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 7,500 shares of company stock valued at $339,915 and have sold 420,000 shares valued at $20,233,754. Insiders own 18.40% of the company's stock.
Wall Street Analysts Forecast Growth
CECO has been the topic of several analyst reports. Northland Securities set a $51.00 price target on shares of CECO Environmental in a research report on Wednesday, July 30th. Needham & Company LLC boosted their price target on shares of CECO Environmental from $44.00 to $52.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Zacks Research cut shares of CECO Environmental from a "hold" rating to a "strong sell" rating in a research report on Monday, October 6th. Citigroup reissued an "outperform" rating on shares of CECO Environmental in a research report on Wednesday, July 30th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of CECO Environmental in a research report on Wednesday. Seven investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, CECO Environmental has an average rating of "Moderate Buy" and a consensus target price of $50.80.
Get Our Latest Stock Report on CECO
CECO Environmental Stock Down 0.4%
CECO Environmental stock opened at $49.81 on Friday. The firm has a market capitalization of $1.76 billion, a PE ratio of 34.83, a P/E/G ratio of 3.35 and a beta of 1.28. The company's 50-day moving average is $47.88 and its 200-day moving average is $34.19. CECO Environmental Corp. has a fifty-two week low of $17.57 and a fifty-two week high of $53.88. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.34 and a quick ratio of 1.13.
CECO Environmental (NASDAQ:CECO - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.04. The company had revenue of $185.39 million for the quarter, compared to analyst estimates of $178.66 million. CECO Environmental had a net margin of 7.99% and a return on equity of 10.00%. CECO Environmental has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that CECO Environmental Corp. will post 0.67 earnings per share for the current year.
CECO Environmental Company Profile
(
Free Report)
CECO Environmental Corp. provides critical solutions in industrial air quality, industrial water treatment, and energy transition solutions worldwide. It operates in two segments: Engineered Systems and Industrial Process Solutions. The company engineers, designs, manufactures, and installs non-metallic expansion joints and flow control products, including rubber expansion joints, ducting expansion joints, and industrial pinch and duck bill valves; membrane-based industrial water and wastewater treatment systems; and provides dust and fume extraction solutions comprising consultation, design, manufacturing, installation, and service, as well as water and wastewater treatment solutions.
See Also
Want to see what other hedge funds are holding CECO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CECO Environmental Corp. (NASDAQ:CECO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider CECO Environmental, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CECO Environmental wasn't on the list.
While CECO Environmental currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.